NOTE 4: ASSETS HELD FOR SALE

Assets Held for Sale—Assets held for sale in the Company’s unaudited condensed consolidated balance sheet consisted of the following (in thousands):



	September 30, 2015		December 28, 2014
Real estate	$	41,008	$	5,645

During the third quarter of 2015, the Company began the process of marketing the north block of its Los Angeles Times Square property located in Los Angeles, CA for an outright sale or sale of its majority interest. The property has an aggregate carrying value of $41 million for land, building and improvements which was included in assets held for sale in the Company’s unaudited condensed consolidated balance sheet at September 30, 2015.

As of December 28, 2014, the Company was in the processes of selling three idle properties located in Bel Air, MD, Newport News, VA and Portsmouth, VA. In the three and nine months ended September 28, 2014, the Company recorded charges of approximately $2 million and $3 million, respectively, to write down certain properties to their estimated fair value, less the expected selling costs. The Company recognized a loss of $0.1 million on the sale of two of the above properties in the nine months ended September 30, 2015, and still holds one of these properties as an asset held for sale as of September 30, 2015.